Crypto casino king Ed Craven has splashed about $1.6 million buying two units in an apartment block next door to his Toorak property, where he’s building a sprawling luxury compound in Melbourne’s most prestigious suburb.

The billionaire, who co-founded cryptocurrency gambling empire Stake.com, purchased a one-bedroom unit for $780,000 and a two-bedroom apartment for $850,000 in the heritage-listed Caringal Flats building on Tahara Road, property records show.

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